1Semana
I am a big fan of Dimentional products.
The fund looks OK at first glance.
If it were investable, I could imagine putting it next to my $SPYX.
But I'm slowly running out of steam, I'm now invested in 18 funds, some of which are not yet fully invested and there are still 4 that I haven't even started yet...
And since I don't want to hold a position <2%, my cap is slowly being reached... I have to learn to say NO to factor funds... 😅
The fund looks OK at first glance.
If it were investable, I could imagine putting it next to my $SPYX.
But I'm slowly running out of steam, I'm now invested in 18 funds, some of which are not yet fully invested and there are still 4 that I haven't even started yet...
And since I don't want to hold a position <2%, my cap is slowly being reached... I have to learn to say NO to factor funds... 😅
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1Semana
@TotallyLost Haha I actually stuck with 8. I try to run as redundancy-free as possible. I would therefore throw out the smallcal value. I don't have any smallcap without a value factor.
I recently shifted some of the smallcap EM dividend into the EM and increased my SC Value DM share in order to keep the exposure in Small equally high, keep EM equally high and still partially get out of the dividend. I would have to see what the conditions are for Dimensional funds there. FNZ Bank apparently charges a 0.2% front-end load on Finvesto. Which would be okay. And 9 euros per quarter. All 36 euros per year. With 4000 euros (assumption) also 1% per year. Whereby they probably allow a basic portfolio with one position. Let me have a look at what else they have. In the meantime, my factoretfs are also making solid profits. Too much back and forth would hurt.
I recently shifted some of the smallcap EM dividend into the EM and increased my SC Value DM share in order to keep the exposure in Small equally high, keep EM equally high and still partially get out of the dividend. I would have to see what the conditions are for Dimensional funds there. FNZ Bank apparently charges a 0.2% front-end load on Finvesto. Which would be okay. And 9 euros per quarter. All 36 euros per year. With 4000 euros (assumption) also 1% per year. Whereby they probably allow a basic portfolio with one position. Let me have a look at what else they have. In the meantime, my factoretfs are also making solid profits. Too much back and forth would hurt.
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@TotallyLost I looked up the return on the $B2PC071. The thing has made 112% in the last 10 years, which corresponds to a return of 7.85 p.a.. If I compare this with 3 self-hold etfs for SC Value US&EU from MSCI and a smallcap EM (via Curvo in the backtest), the self-built variant performs somewhat more volatile, but with a better geometric return.
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@SchlaubiSchlumpf I'm still looking for an actively managed EM small cap fund, the markets are too different so you often only get individual countries.
People often forget that EM is not a homogeneous mass.
People often forget that EM is not a homogeneous mass.
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1Semana
@TotallyLost Why actively managed? There would be some passive ones (without value). With value, you are almost forced into active. Or semi-functioning auxiliary vehicles
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1Semana
@SchlaubiSchlumpf I think this is alpha to get, due to trade barriers, illiquidity and the fact that EM are completely out, there are changen.
I also have a frontier market fund that is actively managed $C084Y2
(Here is a share class with a longer history:
https://www.onvista.de/fonds/MAGNA-NEW-FRONTIERS-FUND-R-USD-ACC-Fonds-IE00B670FC16 )
And I think such an outperformance is also possible with EM small caps.
But I've only found one fund and it's not investable for the general public. 😅
I also have a frontier market fund that is actively managed $C084Y2
(Here is a share class with a longer history:
https://www.onvista.de/fonds/MAGNA-NEW-FRONTIERS-FUND-R-USD-ACC-Fonds-IE00B670FC16 )
And I think such an outperformance is also possible with EM small caps.
But I've only found one fund and it's not investable for the general public. 😅
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@TotallyLost understand. If I benchmark the $C084Y2 with the $5MVL there is a 20% difference in performance. (110 vs 130) That's quite a lot. I think I'll settle for the Value anyway. It's cheaper and I know the logic behind it.
The problem with manager funds is always to buy them before they have good performance
The problem with manager funds is always to buy them before they have good performance
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